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Montevideo, April 24th 2024 - 22:33 UTC

Tag: Britain’s Privy Council

  • Saturday, August 11th 2012 - 10:36 UTC

    Bad day for vulture fund that was after 100 million dollars from Congo

     Peter Grossman

    Britain’s Privy Council has ruled that a “vulture fund” cannot collect 100 million dollars from the Democratic Republic of Congo. Newsnight revealed last year that old Congo debts had been illegally sold to FG Hemisphere for 3 million and the fund had then sued in Jersey where they were awarded 100 million.